Quote from: rpietila on March 04, 2015, 09:17:41 PM

Quote from: Hueristic on March 04, 2015, 09:07:53 PM

Quote from: ArticMine on March 04, 2015, 09:01:56 PM

Quote from: Hueristic on March 04, 2015, 08:51:17 PM

Quote from: rpietila on March 04, 2015, 08:12:39 PM

The daily shows a nice hammer, so the walls at the 136-138 range will need to be relocated (or else wish that the whole uptrend was a false alarm, very much a possibility if you don't trust my words Wink

)

I don't understand this at all. Huh

http://www.candlestickforum.com/PPF/Parameters/16_474_/candlestick.asp A hammer is a bullish reversal signal.

Thanks so that last dump would have made that a "Blow off day"?

If you check the daily candlestick chart from December onwards, there are 4 hammer formations (not counting today), of which:

17.Dec
21.Jan
18.Feb - all started a major uptrend

15.Jan was a false/premature signal

Quite impressive huh, 5% of days featuring the signal and capturing 100% of the major uptrends with only 25% false positives...

Nice, that's good news.

Lets hope this isn't one of the 25%. What percentage of those F/P's were downtrends?